Thang Long Investment GroupHSTC:TIG -1.59%81 Altman Z-Score is 0.83 as of Jul. 11, 2026, which is 48% below its 10-year median of 1.60. GuruFocus rates HSTC:TIG with a GF Score™ of 81/100 and a GF Value™ of ₫7,467.14 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 650 Asset Management companies, Thang Long Investment Group ranks worse than 80.62% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Warning Sign:
Altman Z-score of 0.84 is in distress zone. This implies bankruptcy possibility in the next two years.
Thang Long Investment Group has a Altman Z-Score of 0.83, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Thang Long Investment Group's Altman Z-Score or its related term are showing as below:
HSTC:TIG'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.84 Med: 1.6 Max: 2.61
Current: 0.84
During the past 7 years, Thang Long Investment Group's highest Altman Z-Score was 2.61. The lowest was 0.84. And the median was 1.60.
Thang Long Investment Group (HSTC:TIG) Altman Z-Score Explanation
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HSTC:TIG vs BLK, BX, KKR: Altman Z-Score Comparison
For the Asset Management subindustry, Thang Long Investment Group's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Thang Long Investment Group Altman Z-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Thang Long Investment Group's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Thang Long Investment Group's Altman Z-Score falls into.
Thang Long Investment Group Altman Z-Score Calculation
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Thang Long Investment Group (HSTC:TIG) has a Altman Z-Score of 0.83 as of Jul. 11, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Thang Long Investment Group and its competitors. This is 48% below median its historical median of 1.60. Over the past decade, Thang Long Investment Group's Altman Z-Score has ranged from 0.84 to 2.61. According to the industry distribution chart, Thang Long Investment Group ranks #524 out of 650 companies in the Asset Management industry, placing it in the top 80.6%.
Is Thang Long Investment Group's Altman Z-Score too high?
Thang Long Investment Group's current Altman Z-Score of 0.83 is 48% below median its 10-year median of 1.60. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 2.61. The Asset Management industry median Altman Z-Score is 3.50. Thang Long Investment Group's value of 0.83 is 76.3% below this industry median. Based on the distribution chart, Thang Long Investment Group ranks #524 out of 650 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Thang Long Investment Group has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thang Long Investment Group's Altman Z-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Thang Long Investment Group ranks #524 out of 650 companies for Altman Z-Score. This places Thang Long Investment Group in the lower half of its industry. The industry median Altman Z-Score is 3.50. Thang Long Investment Group's value of 0.83 is 76.3% below this benchmark. Historically, Thang Long Investment Group's own Altman Z-Score has ranged from 0.84 to 2.61 over the past decade. While the company's 10-year median is 1.60 vs. the industry median of 3.50, Thang Long Investment Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for an Asset Management company?
The median Altman Z-Score among Asset Management companies is 3.50, based on 650 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thang Long Investment Group's current Altman Z-Score of 0.83 is 76.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Thang Long Investment Group and its competitors. For the Asset Management industry, the median Altman Z-Score is 3.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thang Long Investment Group's current Altman Z-Score is 0.83, which is 48% below median its own 10-year median of 1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thang Long Investment Group stock overvalued right now?
Based on GuruFocus' analysis, Thang Long Investment Group (HSTC:TIG) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫7,467.14, compared to a current price of ₫6,200.00 — trading 17% below its estimated fair value. The current Altman Z-Score is 0.83, which is 48% below median its 10-year median of 1.60 and 76.3% below the Asset Management industry median of 3.50. Thang Long Investment Group's overall GF Score™ is 81/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Thang Long Investment Group (HSTC:TIG), the current Altman Z-Score is 0.83 as of Jul. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thang Long Investment Group (HSTC:TIG) Overvalued in 2026?
Based on GuruFocus' analysis, Thang Long Investment Group stock appears to be undervalued.
The current stock price of ₫6,200.00 is trading 17% below its estimated GF Value™ of ₫7,467.14.
GuruFocus considers Thang Long Investment Group to be Modestly Undervalued.
Key valuation signals for HSTC:TIG:
Altman Z-Score: 0.83 (48% below median its 10-year median of 1.60)
GF Value™: ₫7,467.14 vs. price of ₫6,200.00 (17% below fair value)
Industry Position: 76.3% below the Asset Management median (#524 of 650)
No single metric tells the full story. See the HSTC:TIG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thang Long Investment Group is an investment company. The company operates in the field of Real Estate, where the company has managed and owned projects. The distribution field deals with the distribution of household products such as electronics and home appliances in Vietnam, and the Retail field owns and develops electric bicycle chain stores and also distributes building materials for civil construction works and transport infrastructure. It is also involved in other sectors such as tourism, trading, and communication services in Vietnam. The Company is organized into three separate business segments, including: real estate operations, trading activities, and Provision of other services.
81GF Score
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